Home sales in WNC rebound

Local real estate market shows signs of recovery

9:33 PM,
Jul. 28, 2013

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Home sales are up 24 percent over last year around Western North Carolina, and building permits are up 20 percent as the critical real estate market keeps digging out of the collapse of the Great Recession.

"The news is good. Sales are up, inventory is down, prices are starting to rise," observed Neal Hanks of Beverly-Hanks & Associates, the region's largest real estate firm, which has compiled a market overview for the second quarter.

Some 605 homes are being sold monthly around the mountains, well up from the 371 homes sold monthly at the depths of the Great Recession in 2009, according to data ...